643 Kissimmee Street # 1-8 Tallahassee, FL $ 1,998,000
643 Kissimmee Street # 1-8
$ 1,998,000
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643 Kissimmee Street # 1-8

Tallahassee, FL, 32310
$ 1,998,000
Bedrooms-- Baths-- Sq 5,800

Monthly Estimate*

$ 12,302

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Commercial Property for sale in Tallahassee, FL

for $1,998,000. This 5,800 square foot building was built on a lot size of 0.37.

643 Kissimmee Street | 8-Unit Boutique Multifamily | Tallahassee, FL Vacant Solutions is proud to present Ashoka, a fully renovated 8-unit boutique multifamily asset located at 643 Kissimmee Street in Tallahassee, Florida. This is a true down-to-the-studs renovation with zero deferred maintenance and no projected near-term capital expenditures - ideal for a passive, long-term hold. Each of the 8 fully furnished units features 2 bedrooms and 1 bath with modern finishes including quartz countertops, stainless steel appliances, LVP flooring, in-unit washer/dryers, and individually metered utilities. The property also features brand-new: low-slope roof, HVAC, plumbing, electrical systems and more. Positioned in Tallahassee's high-velocity university corridor, Ashoka offers unmatched proximity to Florida A&M University, Florida State University, CollegeTown, Railroad Square, and Downtown Tallahassee - premier drivers of consistent residential rental demand. Currently undergoing lease up; projected rents of $1,595/unit support a projected annual gross scheduled rent of approximately $153,120 at full stabilization. An ideal acquisition for 1031 exchange buyers or private portfolios seeking turnkey, optimized yield in a premier student housing market. Contact listing agent for the complete Offering Memorandum and digital media package. All financial projections, rents, expenses, and operating assumptions are subject to buyer verification and due diligence.

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Commercial Active

Price

$ 1,998,000

Property Type

Commercial

Taxes

$ 6,828

Style

Multi Family

Lot Size

0.37

Town/City

Tallahassee

County/Region

Leon

MLS | Web ID

400012

Features
General
Heating Central Individual
Cooling CentralAir CeilingFans
Utilities ElectricityAvailable WaterAvailable
Security Features SecuritySystem
Construction Materials Block Concrete
Unit Number 1-8
Property Subtype MultiFamily
Current Use MultiFamily
County Leon
New Construction N
Property Type CommercialSale
HOA N
Attached Garage N
Subdivision Name NORMAL SCHOOL
Garage Y/N N
Rent Includes AllUtilities
Status Active
Directions Directly off T-Pain Ln make a right on Kissimee APT
City Tallahassee
Senior Community Y/N N
Number Of Units Total 8
MLS Area Leon
Carport Y/N N
Listing Terms Cash Conventional Exchange1031 Other
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 6828.0
Home Warranty Y/N N
Ok to Lease Other
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://my.matterport.com/show/?m=Kb17rsKypef
Standard Status Active
Occupancy Type Vacant
Property Sub Type Additional MultiFamily
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Interior
Flooring Concrete
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N N
Fireplace Y/N N
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Exterior
Fencing Fenced
Parking Features ParkingSpaces
Water Source Public
Total Parking 16.0
Spa N
Building Area Total 5800.0
Lot Size Acres 0.37
Private Pool N
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 643
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* Excluded Features
List By
Vacant Solutions Llc

Broker

Affordability Calculator

$12,871
Per Month
96%
4%
0%
Monthly Principal & Interest
$12,302
Monthly Property Taxes
$569
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3571063 Elementary School
3570942 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/16/2026$1,998,000 Listed Price

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643 Kissimmee Street # 1-8, Tallahassee, FL, 32310 is a Commercial Property for sale at $1,998,000 with 5,800 sqft and a lot size of 0.37. The property's zip code is 32310 which is in Tallahassee, FL